99 / 144
The table below sets forth the aging of trade receivables and the allowance for doubtful trade
receivables, showing amounts that are not yet due as well as an analysis of overdue amounts.
Trade receivables that are neither due nor impaired are expected to be settled within the agreed
payment terms.
CHF million
Nominal
31.12.2016
Allowance
31.12.2016
Nominal
31.12.2015
Allowance
31.12.2015
Not due
253.6
–7.6
238.5
–9.2
Overdue 1 to 89 days
29.1
–0.8
19.4
–0.1
Overdue 90 to 179 days
1.0
–0.3
2.4
–0.1
Overdue 180 to 359 days
1.0
–0.3
3.9
–0.2
Thereafter
1.7
–1.4
0.5
–0.2
Total
286.4
–10.3
264.7
–9.8
Trade receivables comprise receivables due from customers with the following credit rating
(Standard & Poor’s long-term issuer rating):
CHF million
31.12.2016 31.12.2015
A– or higher
76.4
72.4
BBB– to BBB+
101.5
89.3
BB+ or lower
87.1
84.3
Not rated
11.1
8.8
Total
276.1
254.9
At December 31, 2016, no trade receivables are pledged as security for financial liabilities (2015:
CHF 0.9 million). Trade receivables with a book value of CHF 0.5 million (2015: CHF 2.5 million) were
sold to third parties based on factoring agreements and no material risks remain with Autoneum.
20 Cash and cash equivalents
CHF million
31.12.2016 31.12.2015
Cash at banks
148.6
77.1
Time deposits with original maturities up to 3 months
1.2
1.6
Total
149.8
78.7
95
Autoneum
Financial Report 2016
Consolidated Financial Statements